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tv   Business - News  Deutsche Welle  March 1, 2023 7:15am-7:31am CET

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here in europe, the surf is still up despite the cold. hardy souls have been praising the woman that been braving the water in the surf was paradise of nazare. in portugal, maybe 5000 meters deep underwater canyon helps to generate enormous waves. as hundreds of spectators look on from the cliffs, new were serving records have been set aside next day on the w, christy plots and looks at one increasing number of european institutions of banning tick tock. that's in your business updates in just a moment on the back of the top layout of i thought i was just rescuing data from a farm. this one the saudi globe with i found it like this and i couldn't just leave it there. i should meet her, this is such
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a great bird with it was so dirty that cleaning your turn the entire bathroom into a mess. this is the water birds 1st as well. but one of the most beautiful moments i've ever experienced that a true momentum with a donkey series about our complex relationship with animals. well, i think i will live long enough to witness the end of factory farming. the great eat debate this week on d. w or ah, china slam, they tick tock ban in the u. s. federal agencies have 30 days to remove the chinese owned app from employ phones as conserves over spying, grow will get more on the reaction from washington. and america, american microchip manufacturers are eligible for major of rent funding. but the
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cash comes with strings attached. we'll get more in this from wall street. and renewables are becoming more attractive, but also more expensive to expand. we'll take a look at a conundrum in pakistan. welcome back to another d w a business. i'm christy plats, and bringing you the latest from the business world. china has accused the u. s. of suppressing foreign companies and free enterprise after the us band, the use of chinese video sharing apps, tick tock on government mobile phones, canada and the european parliament also announced such bands this week concerns our growing that the popular app could be used for espionage. here is more, canada has been tick tock from government phones saying the chinese app carries an unacceptable risk to privacy and security. otto will also buck federal employees from downloading the app in future. we are making the decision that up for government of employees for government. busy equipment and it is better to not have
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them access tick tock because of the concerns other people have in terms of safety . this may be a 1st step, it may be the only step we need to take, but every step of the way we're going to be making sure are we're keeping canadians safe. in the u. s. federal agencies have 30 days to remove the chinese owned video platform from all government issued devices. contractors must comply with in 90 days, the white house set on monday. the decisions further strain sino western relations which have been troubled in recent years. most recently, over western accusations that china could use data to threaten cyber security. new boards only she's in the united states, the world's number one superpower, is so afraid of a mobile phone application that young people like so much that they completely lack any self confidence. again, we firmly oppose the u. s. sides wrong approach of over reaching in national
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security, abusing national power and unreasonably suppressing the companies of other countries . in 2022, tick tock generated $6000000000.00 through advertising in the us alone. the company is afraid of losing the lucrative us market. the same could happen in the european union. last week, the european commission told both members of parliament and employees that they must remove the app from any private devices on which apps of the commission are used. or for more and as we go to in a st. paul in washington, now in us, donald trump had moved to band tick tock in us while he was president, but joe biden and did that after he took office. so why as his administration now moving head with implementing the span for government employees? well, you know the debate about tick tock becomes more and more politicized. here in the u. s. the closer we come to the presidential elections in 2024,
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many republicans to say that the ccp this is the communist chinese party, is baptizing the ad not only to gain data but also to use its power to after all, decline western her. a influenced by influencing the next generation with anti western propaganda. so there is an increasing pressure on president biden to act and this is why they put out this bill today. okay, in as well. this bell, this only applies to government issued devices. the banner hang about today. but is this the 1st step towards an a ban outright of the app and you s quite frankly, it is hard to imagine the tick tock will be totally bend here in the u. s. why is that? it is already a far too important for businesses to advertise their products for politicians to reach their constituencies. and after all, there is a lot of money involved,
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not only for a china, but also for many, many companies here in the united states. so as for now we are awaiting to hear from tick talks c e o is said to testify before congress later that month, month. and then i think we will have a little bit of a better sense where washington stands on this issue. however, we also have to keep in mind that neither the fcc nor the pentagon could easily just enforce a band, because technically tick tock is just another platform to practice a freedom of speech. and this is the 1st amendment right, right here in the united states. certainly a nuance situation in uh, st. paul in washington. thank you so much. while sticking with tech, the u. s. government will require chip makers receiving subsidies to share excess profits. the by the administration announced on tuesday, the chips act is
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a cornerstone of the government's plans to compete with the likes of china and global markets to secure the supply of semiconductors, which are increasingly vital for electronic supply chains and national security. the act plans to hand out some $52000000000.00 to boost semiconductor production. but now companies are learning that the cash comes with a cash. well let's get more for on this from our correspondent teddy auster at the new york stock exchange. hi there, teddy. tell us what are the stipulations for chip makers that would receive this funding? well, the original stipulation, of course, from the trips legislation is for the semiconductor manufacturer stability here in the united states. but the commerce department just rolled out some more stipulations that includes us getting return on investment if you will, capturing some of those excess profits from these companies. more than that, though, we are also seeing requirements of a more detailed project plan to influence more encouragements, of union labor,
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but also discouragement of stock buyback. now the big one that we're looking at is child care they. these companies are going to require be required to give workers affordable and well, good quality child care. now overall, this is pretty significant to see industrial policy here in the united states. but with these controls on where the profits for go, it's very significant how these are pretty new stipulation for companies receiving this kind of funding. i mean, what do you think they think it goes to far more advanced micro devices, texas instruments, companies like these certainly are going to find it harder to swallow. now these companies, of course, really are not going to want to hand over these profits, but the stock buyback. well, companies like intel, right? we see them very generous with dividends. very generous with stock buybacks that boost the stock price by it comes at the expense right. of investing in the production, the infrastructure. this is of course, the whole point of the chips legislation. now biden with this child care provision
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. this is a bigger skews me, a small dent in a larger widespread program that they would like to do, which is to invest in care infrastructure, right, which would relieve some of the burdens on especially women workers. i was teddy austria in new york. thanks so much on now to some of the other global business stories making us volkswagen is facing criticism from human rights activists and its work council. after the head of its china business said he saw no signs of forced labor when he toward a plant engine. jang, earlier this month, the un meanwhile, has documented forced labor ended detention camps across the region. germany's leading airline has unveiled its new 1st class suite beginning next year. lufthansa passengers will enjoy large video screens and wide seats that can be turned into flat beds. as part of the 2 and a half 1000000000 euro investment,
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the carrier is also revamping its business and economy. glass cabins well surging energy prices over the last year are pushing more countries to get serious about shifting to renewables. but with constant power cuts and the economy and shambles for a country like pakistan, the green transition is easier said than done with crumbling infrastructure decades old power lines, massive blackouts, and high electricity prices. this is life for millions and pakistan, especially in rural areas. businesses are hardly better off 9 hours of power cuts daily and it is much more expensive now if it was $400.00, it is now 2000 rupees moccasins. entity sector heavily relies on fossil fuel. 64 percent of its electricity is produced with imported oil gas. thank good to raising through and gas prices often rushes. imagine off,
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you clean it in countries like boxes, you take that put measures. it's alisha from dimensions did it. you will energy sources in the mega city of karachi, the doctor roost house civil hospital is an example for energy transition. the snow lack of sunshine here, and the roof so large enough to generate lots of electricity using solar panels. dozens of photo tag modules with an output of one and a half megawatts power the hospital maintenance engineers say it, i'll sullen ali says the solar system will run for 2 decades, at least in the gutter. and these panels produce up to 7000 kilowatt hours of electricity every day. that covers around 40 percent of the hospitals toward la electricity needs sla, daily spots aren't solid, b, b, b, pakistan aims to generate 60 percent of its energy needs from renewable sources. like wind and solar by 2030. currently only 2 percent is generated by solar power.
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mohammed ali runs one of the many shops for private customers looking to make the transition to solar panels, which are becoming more popular. but record inflation is putting a damper on solar projects. in this he come bills are now price is a higher than before, even though taxes in solar equipment are less now. but prices are according to the exchange rate. when the u. s. dollars expensive prices are much higher dollar the job already generated. switching to climate friendly renewable sources in pakistan, it's like a race against time. here, the threat posed by climate change can be seen on a regular basis. last years, floods alone, cost damages were $30000000000.00. what to do when you're lake fills up with litter? you gone and james catawba has come up with an interesting answer. he gathered the plastic waste on the shore of lake victoria and turned it into
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a tourist boat. catawba 1st started building the boat in 2017, and this led to his creation of a sustainable business, a floating restaurant and bar to serve tourists visiting kampala. he says the boat is made of 10 tons of plastic and can accommodate over 100 people at a time. that's our so you can find us on youtube and facebook. we'll have more for you tomorrow. take care with in good shape. cancer. the risk to develop it is increasing even for the young. what are the causes? how can you protect yourself? how can you recognize the early sign preventing cancer?
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